Risk Classification


Definition of "Risk classification"

Tom Biagioli real estate agent
Tom Biagioli, Real Estate Agent EXP Realty

Analysis of uncertainty of financial loss. This classification can be according to whether a risk is fundamental, particular, pure, speculative, dynamic, or static. In life insurance the process by which a company determines how much to charge for a policy according to an applicant's age, occupation, sex, and health.

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